Reported 29 days ago
Avantor, Inc. (NYSE: AVTR) saw a significant drop in shares, falling 15.48% to $11.36, largely due to disappointing second-quarter earnings where net income decreased by 30% to $64.7 million. The company experienced a 1% decline in net sales, influenced by challenges from a recent merger and overall market pessimism. Additionally, Avantor is set to appoint Emmanuel Ligner as its new CEO, succeeding Michael Stubblefield.
Source: YAHOO